Author: driver789

Sports-focused blockchain Chiliz is expanding its roster of over 70 fan tokens to Solana and Base, the Ethereum layer-2 network developed by Coinbase (COIN).Chiliz rolled out its own layer-1 network in 2023 to host the trading of its tokens, but is transitioning to what it calls “omnichain distribution,” according to an announcement on X on Tuesday.”By using an Omnichain Fungible Token (OFT) standard, fan tokens will exist on each supported chain with a unified supply, eliminating the need for wrapped tokens or fragmented liquidity pools,” Chiliz said.Fan tokens are digital assets that represent membership of a community such as a…

Startale Group has tapped Sunnyside Labs’ Privacy Boost as the official privacy partner for its Startale App, which is built for Soneium, a Sony-connected blockchain network. The integration will introduce self-custodial private transfer features to the app, including shielded balances, private peer-to-peer transfers and privacy-enabled payment flows on the Soneium ecosystem. The move signals a broader push among consumer-facing crypto apps to give users more control over on-chain visibility while maintaining regulatory compliance for operators. The Privacy Boost rollout centers on what Sunnyside Labs calls Audit View—a selective-audit capability that keeps transaction details hidden from the public while enabling authorized…

Ethereum is holding above $2,300 as the market faces a critical test of whether the current recovery has the structural foundation to extend further. The price action is tentative — but a CryptoQuant report has just surfaced supply data that reframes what the current consolidation is actually building on. Related Reading The ETH 2.0 staking rate has reached 31.4% — an all-time high. In practical terms, 38.31 million ETH is now locked in staking contracts, the largest amount ever committed to the network’s validator infrastructure. That record coincides with a separate but related development: circulating Ethereum supply on Binance has…

Aven has introduced a bitcoin-backed credit card that allows users to borrow against digital assets without selling holdings, marking a shift in crypto-linked consumer finance, according to statements shared with Bitcoin Magazine.  The Aven Bitcoin Visa Card, unveiled today at the Bitcoin Conference 2026 in Las Vegas, provides a credit line of up to $1 million secured by bitcoin collateral. The product targets long-term holders seeking liquidity without triggering taxable events tied to asset sales. The card combines a revolving credit line with fixed-term loan options, offering repayment periods of up to 10 years. Interest rates for both structures start…

Crypto infrastructure company Startale Group has selected Sunnyside Labs’ Privacy Boost as the official privacy partner for its Startale App, built for Soneium, a Sony-linked blockchain network. Startale Group said Tuesday that the integration will add self-custodial private transfer features to the app, including shielded balances, private peer-to-peer transfers and privacy-enabled payment flows on Soneium.The move adds a consumer-facing privacy layer to Startale’s Sony-linked Soneium ecosystem as crypto apps try to give users more control over visible onchain activity while preserving compliance mechanisms for operators.Sunnyside Labs co-founder and CEO Taem Park told Cointelegraph that selective auditability means transaction details remain hidden…

Stablecoin monthly transfer volume fell by nearly 20% over the past 30 days, even as the market’s total supply and holder count continued to rise. According to data from RWA.xyz, 30-day stablecoin transfer volume dropped 19.18% to $8.31 trillion as of April 28, while stablecoin market capitalization rose 2.06% to $305.29 billion over the same period. The number of stablecoin holders also increased by 2.32% to 246.94 million, while monthly active addresses edged up 0.26% to 51.28 million.The divergence suggests that stablecoin growth is not translating evenly into onchain activity. While more capital appears to be sitting in dollar-denominated crypto assets,…

Bitcoin BTC$76,306.35 pulled back to $76,500 from above $79,000 earlier this week, stalling the rally from late-March lows below $65,000. Those expecting a swift return to form may want to take note that recent economic releases do not support a big bullish move. The most important is the University of Michigan’s Survey of Consumers, which showed the consumer sentiment index falling to an all-time low of 49.8 this month, largely driven by inflationary pressures tied to the Iran conflict. Inflation expectations also moved sharply higher, with the one-year gauge surging to 4.8% in April from 3.8% the previous month. Long-term…

Core Scientific is driving a transformative shift in its business model, planning to convert its Pecos, Texas campus into a high-density AI-focused data center complex that could reach up to 1.5 gigawatts of gross power capacity. The company said that roughly 1 GW of that capacity would be available for leasing, signaling a move beyond traditional cryptocurrency mining toward AI compute infrastructure amid growing demand for data center capacity. In a press release issued on Monday, Core Scientific outlined the transition as part of its strategy to differentiate its buildout of next-generation AI infrastructure using its in-house engineering capabilities. The…

Young workers between 18 and 45 are the target audience for a new Bitcoin investment product quietly launched last month by Porvenir, the largest pension fund administrator in Colombia. The fund says it designed the offering specifically for people who want to diversify their retirement savings but have never had a regulated, simple way to do it. A Low Bar To Entry The minimum investment is COP100,000 — roughly $25. That figure alone separates this product from most institutional crypto offerings, which typically carry thresholds that exclude lower-income workers. Porvenir manages about 25% of Colombia’s total pension assets, and the…

Summary Quantum computers can theoretically break Bitcoin’s elliptic-curve cryptography, but no machine capable of doing so exists yet. Google researchers say cracking Bitcoin’s encryption may require fewer than 500,000 qubits — below the “millions” often cited. BIP-360 and BIP-361 propose quantum-resistant Bitcoin transactions and a phased migration away from legacy signatures. Ripple has a four-phase plan to make the XRP Ledger quantum-proof by 2028; Ethereum targets quantum resistance via Strawmap by 2030. The real risk is “harvest now, decrypt later” — adversaries collecting encrypted data now to crack it when quantum computers mature. Quantum computers can theoretically break Bitcoin’s elliptic-curve…